German fintech startup Penta raises €7 million to accelerate the growth of its digital bank accounts for SMEs
Business bank account Penta today announced a €7 million investment in a funding round led by Inception Capital. According to the Berlin-based startup, user numbers have increased over 900%, since the company’s last fundraise just eight months ago. This brings Penta’s total fundraising to €10 million.
7 Questions with Gerald Klein, Growney
1. Please tell us a bit about yourself, both at work and leisure.
Before founding growney in 2014 I was responsible for developing financial products and trading across all asset classes at the Landesbank Berlin. We were around 200 people and active in all german speaking regions. Back then I was already thinking about starting an independent digital wealth management service. There was no chance to start this project in a bank enviroment so I took my courage in both hands and started growney.
http://www.fintechforum.de/7-questions-with-gerald-klein-growney/
Growney is one of the 15 startups selected to present to top-notch investors like CommerzVentures, Earlybird, Finch Capital, Helaba Digital, HTGF, KfW Capital, XAnge, yabeo etc. at the 10th FinTech Forum on 22nd Nov. 2018 at The Airport Club, Frankfurt. More information/ registration:
CybelAngel Raises $12M in Funding
CybelAngel, a Paris, France- and NYC-based provider of a solution that protects organizations from digital threats across the open, deep, and dark web, as well as all connected devices, raised $12m in funding. The round was led by Bpifrance and Serena Capital.
http://www.finsmes.com/2018/10/cybelangel-raises-usd12m-funding.html
French cybersecurity startup Acorus Networks raises €5 million to protect more enterprise and service providers from DDoS attacks
Acorus Networks, a French startup specialized in protecting enterprise and service providers’ network and web platform infrastructure from distributed denial-of-service attacks (DDoS), is raising €5 million from Elaia Partners, Partech and Kima Ventures. This funding round will contribute to Acorus Networks’ mission to protect customers whose business activity relies on the Internet, in fields such as banking, e-commerce, gambling, government and healthcare.
Deposit Solutions joins WEF Centre for the Fourth Industrial Revolution
Deposit Solutions, the Open Banking pioneer and leading international platform for savings products, has joined the World Economic Forum’s San Francisco based Centre for the Fourth Industrial Revolution. The Centre partners with leading companies, governments, civil society and experts from around the world with the scale and ambition to help chart the Fourth Industrial Revolution governance. Deposit Solutions, which has just recently closed a new investment round of USD 100m, is the first European Fintech company to become a member of this global hub.
Berlin-based Fintech (Liqid) to attack robo advisors abroad
Der Berliner Robo-Advisor Liqid plant die Expansion nach Österreich, in die Niederlande und nach Italien. Helfen soll dabei eine zweistellige Millionensumme, die das Fintech vor kurzem bei Investoren eingesammelt hat.
PAIR Finance appoints Fabian Platzen as new COO and further expands its business model
Das digitale Forderungsmanagement- und Inkassounternehmen PAIR Finance hat seine Geschäftsleitung verstärkt. Als neuer Chief Operating Officer verantwortet Fabian Platzen zukünftig die Bereiche Finance und Operations.
Defeat for Bafin – but no victory for crypto fans
Der Handel mit Bitcoin ist kein Bankgeschäft – und erst recht keine Straftat. Das hat das Kammergericht Berlin geurteilt und die Finanzaufsicht Bafin gerügt. Deutlich wird vor allem, wie groß der juristische Handlungsbedarf ist.
Major banks establish international financing platform
Bis Jahresende wollen die sieben Großbanken, darunter die Deutsche Bank, ein Handelsinformationsnetzwerk ins Leben rufen. “Die Initiative soll dabei helfen, den bürokratischen Aufwand für Handelsfinanzierungen zu senken und auch für mehr Sicherheit sorgen, weil Kunden dort verifizierte Warenbestellungen und Rechnungen hochladen können”, erklärte der Leiter des Handelsfinanzierungsgeschäfts der Deutschen Bank, Daniel Schmand.
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